TRANSAMERICA FUNDS AMENDMENT TO SUB-ADVISORY AGREEMENT BETWEEN TRANSAMERICA ASSET MANAGEMENT, INC. AND AEGON USA INVESTMENT MANAGEMENT, LLC
Exhibit (d)(3)(ii)
AMENDMENT TO SUB-ADVISORY AGREEMENT BETWEEN
TRANSAMERICA ASSET MANAGEMENT, INC. AND
AEGON USA INVESTMENT MANAGEMENT, LLC
THIS AMENDMENT is made as of August 1, 2014 to the Sub-Advisory Agreement dated as of March 22, 2011, as amended, (the “Agreement”) between Transamerica Asset Management, Inc. and Aegon USA Investment Management, LLC.
In consideration of the mutual covenants contained herein, the parties agree as follows:
| 1. | Schedule A. Schedule A to the Agreement is hereby deleted entirely and replaced as follows: |
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FUNDS
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SUB-ADVISER COMPENSATION1 | |
| Transamerica Flexible Income |
0.175% of the first $250 million; 0.125% over $250 million up to $350 million; and 0.0875% over $350 million, less 50% of any amount reimbursed pursuant to the Fund’s expense limitation | |
| Transamerica Floating Rate |
0.25% of the first $1 billion; 0.23% over $1 billion up to $1.5 billion; 0.22% over $1.5 billion up to $2 billion; and 0.21% over $2 billion | |
| Transamerica High Yield Bond |
0.35% of the first $20 million; 0.25% over $20 million up to $40 million; 0.20% over $40 million up to $125 million; and 0.15% over $125 million2 | |
| Transamerica Intermediate Bond |
0.12% of the first $1 billion; and 0.05% over $1 billion3 | |
| Transamerica Money Market |
0.15% of average daily net assets
| |
| Transamerica Multi-Managed Balanced |
0.12% of the first $1 billion; and 0.05% over $1 billion3
| |
| Transamerica Multi-Manager Alternative Strategies Portfolio |
0.20% of the first $500 million; 0.19% over $500 million up to $600 million; 0.18% over $600 million up to $1 billion; 0.17% over $1 billion up to $2 billion; and 0.16% over $2 billion4 | |
| Transamerica Opportunistic Allocation |
0.05% of the first $250 million; 0.04% over $250 million up to $1 billion; and 0.03% over $1 billion | |
| Transamerica Short-Term Bond |
0.25% of the first $250 million; 0.20% over $250 million up to $500 million; 0.175% over $500 million up to $1 billion; and 0.15% over $1 billion | |
| Transamerica Tactical Allocation |
0.10% of the first $250 million; 0.09% over $250 million up to $500 million; 0.08% over $500 million up to $1.5 billion; 0.07% over $1.5 billion up to $2.5 billion; and 0.06% over $2.5 billion5 | |
| Transamerica Tactical Income |
0.07% of the first $250 million; 0.06% over $250 million up to $500 million; 0.05% over $500 million up to $1.5 billion; 0.04% over $1.5 billion up to $2.5 billion; and 0.03% over $2.5 billion |
| Transamerica Tactical Rotation |
0.10% of the first $250 million; 0.09% over $250 million up to $500 million; 0.08% over $500 million up to $1.5 billion; 0.07% over $1.5 billion up to $2.5 billion; and 0.06% over $2.5 billion5 |
| 1 | As a percentage of average daily net assets on an annual basis. |
| 2 | The average daily net assets for the purpose of calculating sub-advisory fees will be determined on a combined basis with Transamerica Aegon High Yield Bond VP and Transamerica Partners High Yield Bond Portfolio. |
| 3 | The average daily net assets for the purpose of calculating sub-advisory fees will be determined on a combined basis with Transamerica Multi-Managed Balanced VP, Transamerica Partners Balanced Portfolio, Transamerica Partners Core Bond Portfolio, the portion of assets of Balanced Ret Opt and Xxxx Xxx Opt, each separately managed accounts of Transamerica Life Insurance Company that are advised by Aegon USA Investment Management, LLC. |
| 4 | The average daily net assets for the purpose of calculating sub-advisory fees will be determined on a combined basis with Transamerica Multi-Manager Alternative Strategies VP. |
| 5 | The average daily net assets for the purpose of calculating sub-advisory fees will be determined on a combined basis with Transamerica Tactical Allocation and Transamerica Tactical Rotation. |
In all other respects, the Agreement dated as of March 22, 2011, as amended, is confirmed and remains in full force and effect.
The parties hereto have caused this amendment to be executed as of August 1, 2014.
| TRANSAMERICA ASSET MANAGEMENT, INC. | ||||
| By: | /s/ Xxxxxx Xxxxxx |
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| Name: | Xxxxxx Xxxxxx | |||
| Title: | Vice President | |||
| AEGON USA INVESTMENT MANAGEMENT, LLC | ||||
| By: | /s/ Xxxxxxxxx Xxxxxx |
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| Name: | Xxxxxxxxx Xxxxxx | |||
| Title: | Sr. VP and CFO | |||
